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Australian Silica Quartz Group Ltd (ASX:ASQ)

ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.016 -0.004 (-20%)+
Announcement
Release
27 May 2026 8:23AM
Price at Release
$0.020
Full Release
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Summary
Australian Silica Quartz Group Ltd (ASQ), through its subsidiary Australian Kaolin Pty Ltd, has received approval from the Department of Mines, Petroleum and Exploration (DMPE) for its Mining Development and Closure Proposal (MDCP) for the White Swan Kaolin Project. This approval marks a significant regulatory milestone and supports ASQ’s strategy to become a major exporter of direct shipping ore (DSO) kaolin. The project, located approximately 35 km from Esperance Port, is set on granted mining lease M63/688 and involves a 250,000 tonne per annum, open pit mining plan. The MDCP approval allows ASQ to proceed with bulk sampling, engage in offtake discussions, and conduct feasibility studies. Preliminary test pit excavations have been completed, and bulk samples are being collected for further quality characterisation and potential offtake agreements.
Key Points
  • ASQ's subsidiary Australian Kaolin Pty Ltd received DMPE approval for the White Swan Kaolin Project.
  • The project is situated on a granted mining lease near Esperance Port.
  • Approval is a key milestone for ASQ's export strategy for DSO kaolin.
  • MDCP supports a 250,000 tonne per annum open pit mining plan.
  • ASQ can advance bulk sampling, offtake discussions, and feasibility work.
  • Test pits completed and bulk samples collected for quality characterisation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.